Sunday, 29 March 2015
Last updated 1 day ago
Aug 23 2011 | 1:25am ET
Jonathan Sorrell, the head of a Goldman Sachs private equity fund that invests in hedge fund managers, will leave the bank to join the Man Group.
Sorrell has been named head of strategy at the world's largest hedge fund and will join its executive committee. He will be charged with expanding the firm's presence in Asia and the U.S., the Financial Times reports, adding that Man does not plan any acquisitions similar to its purchase last year of GLG Partners.
Since 2007, Sorrell, one of Goldman's top bankers, has led its Petershill Fund. That fund has invested in some of the best-known names in the hedge fund industry, among them Capula Investment Management, Trafalgar Asset Management and Winton Capital Management, and owns stakes in nine firms.
Sorrell is the second son of advertising executive Martin Sorrell to leave Goldman within the last year; his brother, Robert, resigned late last year to launch a hedge fund, Sorrell capital. His oldest brother, Mark Sorrell, remains a partner at Goldman.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…